United States Construction Spending  Forecast


Construction Spending in the United States is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Spending in the United States to stand at 0.80 in 12 months time. In the long-term, the United States Construction Spending is projected to trend around 0.40 percent in 2020, according to our econometric models.


United States Construction Spending
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United States Housing Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Building Permits 1300 1150 1141 1266 1266 1315
Housing Starts 1180 1190 1160 1100 1090 1280
New Home Sales 571 550 570 610 560 590
Pending Home Sales -1.3 -1.9 3 -0.6 0.5 1.2
Existing Home Sales 5350 5290 5300 5220 5190 5000
Construction Spending -0.6 2 1.9 1.5 0.8 0.4
Housing Index 0.2 0.3 0.3 0.6 0.5 0.5
Nahb Housing Market Index 64 62 56 60 61 53
Mortgage Rate 4.04 4.07 4.12 4.16 4.21 6.5
Mortgage Applications -9.7 0.28 0.45 0.45 0.45 0.45
Home Ownership Rate 63.7 63.93 64.02 63.97 64.03 64.35
Case Shiller Home Price Index 201 196 197 198 199 211